Separate Legal Personality and Corporate Veil

In the realm of company law, the doctrine of separate legal personality is a dank edge. Courts lowkey struggle to balance the biz and the goons involved. The legendary Salomon case set the sigma standard, proving a company is a distinct entity, shielding shareholders from debts. However, when legal obligations are at stake, courts may skibidi pierce the corporate veil, but only in rare instances. Over time, judicial decisions have become more restrictive, leaving little room for change. The principle remains crucial, as case law evolves, showcasing the tension between protecting businesses and preventing injustices.